Contemporary Arts Foundation Inc
- Assets
- $0.0
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 65-0632809
Organization Overview
Contemporary Arts Foundation Inc is located in Miami Beach, FL. The organization was established in 1997. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Contemporary Arts Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Contemporary Arts Foundation Inc generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES TO EXHIBIT THE RUBELL FAMILY COLLECTION OF CONTEMPORARY ART ON LOAN AS WELL AS OTHER PRIVATE AND MUSEUM COLLECTIONS AT ITS PRIMARY LOCATION.
THE FOUNDATION PARTICIPATES IN FORMAL EDUCATION OF ART AND ART HISTORY STUDENTS THROUGH CLASSES CONDUCTED AT THE FOUNDATION BY LOCAL HIGH SCHOOLS, COLLEGES & UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Rubell Director | 1 | $0 | |
Mera Rubell Director | 1 | $0 | |
Jennifer Rubell Director | 1 | $0 | |
Jason Rubell Director | 1 | $0 | |
Juan Valadez Director - Miami | 40 | $169,800 | |
Liliana Zarif Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,664,096 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $738,903 |
| Other Income | $721,630 |
| Total Revenue | $11,124,629 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $128,800 |
| Pension plans, employee benefits | $8,232 |
| Depreciation | $278,975 |
| Occupancy | $102,240 |
| Travel, conferences, and meetings | $11,084 |
| Printing and publications | $3,113 |
| Total operating and administrative expenses | $1,791,991 |
| Contributions, gifts, grants paid | $2,400 |
| Total expenses and disbursements | $1,794,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $587,826 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $13,437,549 |
| Mortgages and other notes payable | $1,089,920 |
| Other liabilities | $63,062 |